Feb 11, 2013 7:00am PST
. when john paul died, we knew that joseph ratzinger who became pope benedict xvi, he was a very powerful man in the vatican the pope's enforcer in some ways. we all knew his name. we don't really know the names of any of these people now. but, so it's going to be a much more diverse, i think, selection process. >> what are the chances that we'll see a pope from central america or africa? >> it will tough to do that. majority of the catholics are in the southern hemisphere. growing church in africa and latin america. it would make a lot of sense to do that. i think it would be pretty hard to wrestle the power away from europe especially the italians. >> all right, it will be a really interesting couple of weeks. cokie, thank you so much. >>> elizabeth thanks. now to the other big headlines. the extreme weather slamming the country. tornadoes tearing across the country. sam is tracking it all. two blizzards. a real round of severe storms. we'll start with the pictures out of minnesota. it was the sunday blizzard. not the friday one. the one in the middle of country that put anywhere from 1
Feb 28, 2013 9:00am EST
, after eight years, formal cardinal joseph rat ratzinger retires as pop. as we continue to see what the conclave will do as we search for his successor as the entire world watches what is happening with him. >>> got some breaking news out of the new york fed. a hard right turn here to steve liesman. >> why does this always happen to me, carl? >> hard to follow the pope, my man. >> exactly. let me do my best. the new york fed reporting that total consumer indebtedness rising a scant 3% to 11.3 trillion. housing debt was flat. it was a small gain but the first gain we've seen since the first quarter of 2011, that was thought to be a bit of a statistical anomaly. so maybe this is the first real gain. let me show you what rose. auto loans up 15 billion. credit cards up 5 billion. the perennial student loans up 10 billion and they have been rising quite a bit. delinquencies are quite high. all delinquencies declined except for student loans and they were up almost 12% and probably because of a whole bunch of different reasons, carl, they could be twice as high as that. carl, back to you.